United States Copper Index Fund (NYSEARCA:CPER) Trading 4.6% Higher – Here’s What Happened

United States Copper Index Fund (NYSEARCA:CPER) shot up 4.6% on Thursday . The company traded as high as $27.97 and last traded at $27.92. 220,645 shares changed hands during trading, an increase of 36% from the average session volume of 161,898 shares. The stock had previously closed at $26.68.

United States Copper Index Fund Stock Performance

The company has a fifty day simple moving average of $27.30 and a two-hundred day simple moving average of $27.49. The firm has a market capitalization of $194.04 million, a PE ratio of 3.28 and a beta of 0.49.

Institutional Investors Weigh In On United States Copper Index Fund

Several large investors have recently modified their holdings of CPER. Fidelis Capital Partners LLC purchased a new position in shares of United States Copper Index Fund in the 3rd quarter valued at $215,000. CWM LLC boosted its position in United States Copper Index Fund by 597,600.0% during the third quarter. CWM LLC now owns 5,977 shares of the company’s stock valued at $169,000 after purchasing an additional 5,976 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in United States Copper Index Fund in the second quarter valued at about $402,000. Ignite Planners LLC bought a new position in United States Copper Index Fund in the third quarter worth about $271,000. Finally, Advisory Alpha LLC purchased a new stake in shares of United States Copper Index Fund during the second quarter valued at about $255,000.

United States Copper Index Fund Company Profile

The United States Copper Index Fund, LP (CPER) is an exchange-traded fund that is based on the SummerHaven Copper index. The fund tracks a rules-based index of copper futures contracts selected based on the shape of the copper futures curve. CPER was launched on Nov 15, 2011 and is managed by US Commodity Funds.